Reinvigorating Growth in Developing Countries: Lessons from Adjustment Policies in Eight Economies

ByKalpana Kochhar, Erik Offerdal, Louis Dicks-Mireaux, Mauro Mecagni, Jianping Zhou, Balázs Horváth, David John Goldsbrough, Sharmini Coorey

August 13, 1996

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Summary

This study examines the links between adjustment policies and growth in a small group of developing countries- Bangladesh, Chile, Ghana, India, Mexico, Morocco, Senegal, and Thailand - during 1970 -93. It provides an overview of the adjustment and growth experience, examines in depth several policy issues of particular interest, and distills the principal policy lessons for the design of adjustment policies.

Subject: Labor, Labor markets, Macrostructural analysis, National accounts, Private investment, Real wages, Structural reforms, Tariffs, Taxes

Keywords: adjustment policy, country, Global, growth differentials vis-a-vis, investment, investment decline, Labor markets, Middle East, OP, policy, Private investment, rate, real wage flexibility, Real wages, saving decline, Structural reforms, Tariffs, terms of trade movement, wage

Pages:
93
Volume:
1996
DOI:
https://doi.org/10.5089/9781557755599.084
Issue:
005
Series:
Occasional Paper No. 1996/005
Stock No:
S139EA0000000
ISBN:
9781557755599
ISSN:
0251-6365

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Occasional Papers